Northmarq secures $18.77 million in construction financing for Winchester Forest
Date: Aug. 31, 2022
Size: 72 units
Lender type: FHA
Loan subtype: Construction and permanent fixed-rate
Loan amount: $18.77 million
Winning quote: Winchester Forest consist of 2 deals, a 9%/4% TC combo. Virginia Housing is most aggressive on terms and they also have to be the lender on the 4% TC side.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
